Daily News / Market Analysis / Forestry / Furniture / Lumber / Sawmilling / China / Global
August 21, 2018

China: Rising redwood market

China: Rising redwood market

The average growth in the value of retail sales of commodities in 2017 was 8.2% but sales of furniture exceeded the average rate and sales of ‘redwood’ furniture represented the fastest growth.

Chinese ‘redwood’ log imports totaled 990,000 cubic metres valued at US$914 million in 2017, up 24% in volume and 12% in value. Around 45% of Chinese ‘redwood’ log imports were from Nigeria in 2017 despite the log export ban and were worth US$329 million.

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